NEW YORK - Activist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as $7 billion in bridge loans to back their leveraged recapitalization proposal for Dell Inc, banking sources told Thomson Reuters LPC on Thursday.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Data security co Imperva surges 39 percent on market debut
(Reuters) - Imperva Inc's (IMPV.N) shares rose 39 percent on their market debut on Wednesday, a day after the data security company priced its offering above the expected range.
The stock was trading at $24.56, or 36 percent above its IPO price of $18 in afternoon trade on the New York Stock Exchange.
The IPO raised $90 million in proceeds.
Imperva, backed by Facebook-financers Accel Partners, was founded in 2002 and has more than 1500 customers in 50 countries.
Imperva's IPO comprised 5 million shares -- 4.75 million offered by the company and the rest by certain selling stockholders.
J.P. Morgan and Deutsche Bank Securities were the lead underwriters for the offering.
(Reporting by Aman Shah in Bangalore; Editing by Don Sebastian)
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